This is very interesting scenario, it's on my radar something is about to happen if it closes below 2300 then not interested but if closes above 2340 will plan for long.
Ye to every weekly support pe aata hai or wait karke down wards chalra hai, better wait until it crosses 1550 and sustain at least 1 week then start building position..
@abyd Check main Indices and then be sector and stock specific, earlier I used to trade heavily in Bnf and Nifty options later in past few months the momentum is not as I expected so switched to only stock options.
Like wise depending on the market scenario be specific and trade ...
@lowrisktrader 1st you need a proven backtested and fwd tested system which is able to capture min 30-50 points in cash then you try options or you will end up in losses.
The main problem is you need quick money and again you are having same attitude to recover fast,
This is a time taking process initially it takes time to understand and also losses and only then you can proceed to breakeven and be a profitable trader, this is a journey no shortcu...
Bhai you need a good mentor and learning attitude. losses are a part of business especially in this type of business where you give money and then leap forward.
Learn, Practice and Earn
All the best....
FrontPage is India's favorite stock discussions community
Join 10 lakh Indian traders and discuss trades, strategies, news & views on any stock.